Which scenario below most accurately describes the process by which a technological change can affect employment patterns across industries?
A) A technological advance makes it possible to produce more of good X with less labor.As a result,labor is released from producing good X.Some of this labor ends up producing goods Y and Z.
B) A technological advance makes it possible to produce less of good X with less labor.As a result,labor is released from producing good X.Some of this labor ends up producing good Y.
C) A technological advance makes it possible to produce more of good X with more labor.As a result,more labor is needed to produce good X.There is less labor available to produce goods Y and Z.
D) A technological advance makes it possible to produce more of good X with less labor.As a result,labor becomes more important to the production of good X.More labor ends up producing good X.
E) none of the above

Question

Quizplus · Accepted Answer

This scenario accurately describes the process by which a technological change can affect employment patterns across industries. As technology advances, it is common for labor to be released from one industry and enter another. In this case, labor originally involved in producing good X can shift to producing goods Y and Z, which may require different skills and knowledge. This can lead to shifts in employment patterns across industries.

Which Scenario Below Most Accurately Describes the Process by Which